The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2017.

The following transactions occurred during January 2018:
Jan. 1 Sold merchandise for cash, $3,500. The cost of the merchandise was $2,000. The company uses the perpetual inventory system.
2 Purchased equipment on account for $5,500 from the Strong Company.
4 Received a $150 bill from the local newspaper for an advertisement that appeared in the paper on January 2.
8 Sold merchandise on account for $5,000. The cost of the merchandise was $2,800.
10 Purchased merchandise on account for $9,500.
13 Purchased equipment for cash, $800.
16 Paid the entire amount due to the Strong Company.
18 Received $4,000 from customers on account.
20 Paid $800 to the owner of the building for January's rent.
30 Paid employees $3,000 for salaries and wages for the month of January.
31 Paid a cash dividend of $1,000 to shareholders.
Required:
1. Set up T-accounts and enter the beginning balances as of January 1, 2018.
2. Prepare general journal entries to record each transaction. Omit explanations.
3. Post the entries to T-accounts.
4. Prepare an unadjusted trial balance as of January 31, 2018.

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Deblts 5,000 2,000 5,000 11,000 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries and wages expense Rent expense Advertising expense Credits 3,500 3,000 10,000 6,500 Totals 23,000 23,000